FCX
StockFreeport-McMoRan Inc.
One email when a drop — in price or in valuation — is historically rare for FCX. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Freeport-McMoRan Inc. is 14.9% off its high — deeper than its 11.1% average pullback, but it has been through 74 drawdowns before. Not historically significant yet — we'll say so if that changes.
But down is not the same as cheap: Freeport-McMoRan Inc.'s P/S Severity Score is 0.0 — its valuation sits in or above its typical range.
Moderately Elevated
Current Drawdown
-14.9%
Days in Drawdown
41
Avg Max Drawdown
11.1%
Avg Length
150
Drawdown Severity Score™
2.3
FCX - Price & High Water Mark
FCX - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of July 12, 2026 · updated daily
Where today's valuation sits within FCX's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Freeport-McMoRan Inc. has been cheaper on this measure only about 95% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
Freeport-McMoRan Inc. has been cheaper on this measure only about 87% of the time in 20 years of daily history.
EV to EBITDA history · log scale
Freeport-McMoRan Inc. (FCX) Analysis: Current Drawdown Insights
Freeport-McMoRan Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-15, the stock is trading at $61.00, which represents a 14.9% decline from its all-time high of $71.72. This drawdown has persisted for 41 days.
Based on its full tracked price history, Freeport-McMoRan Inc. typically experiences drawdowns averaging 11.1% in depth, with an average duration of 150 days. Freeport-McMoRan Inc. has gone through 74 total drawdown events in its tracked history. The largest drawdown on record for Freeport-McMoRan Inc. was 92.4%, beginning in 2011. The longest drawdown duration on record was 4066 days.
The Drawdown Severity Score™ for Freeport-McMoRan Inc. currently stands at 2.33. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 2.0 and 3.0 indicates a moderately elevated drawdown that's starting to exceed this asset's normal range.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Freeport-McMoRan Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 74 tracked pullbacks (56 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-06-04 | Ongoing | 41 days | -14.9% | $71.72 | $61.00 | n/a |
| 2026-04-23 | 2026-06-02 | 41 days | -21.0% | $70.32 | $55.57 | $71.72 |
| 2026-04-20 | 2026-04-22 | 3 days | -3.8% | $70.21 | $67.57 | $70.32 |
| 2026-02-26 | 2026-04-17 | 50 days | -24.3% | $68.82 | $52.10 | $70.21 |
| 2026-02-12 | 2026-02-23 | 12 days | -6.7% | $65.46 | $61.09 | $65.55 |
| 2026-01-30 | 2026-02-11 | 13 days | -9.1% | $65.13 | $59.22 | $65.46 |
| 2026-01-22 | 2026-01-26 | 5 days | -2.9% | $60.58 | $58.85 | $61.17 |
| 2026-01-15 | 2026-01-21 | 6 days | -2.8% | $60.41 | $58.71 | $60.58 |
| 2026-01-07 | 2026-01-09 | 3 days | -3.5% | $56.17 | $54.23 | $56.53 |
| 2024-05-21 | 2026-01-05 | 595 days | -46.3% | $53.71 | $28.82 | $54.40 |
| 2024-05-16 | 2024-05-17 | 2 days | -2.9% | $52.49 | $50.95 | $53.10 |
| 2024-04-30 | 2024-05-14 | 15 days | -6.9% | $51.31 | $47.76 | $52.36 |
| 2024-04-10 | 2024-04-29 | 20 days | -6.2% | $50.08 | $46.99 | $51.31 |
| 2022-03-28 | 2024-04-09 | 744 days | -51.3% | $49.08 | $23.92 | $50.08 |
| 2022-03-07 | 2022-03-24 | 17 days | -11.6% | $47.36 | $41.85 | $48.62 |
| 2011-01-13 | 2022-03-01 | 4066 days | -92.4% | $44.89 | $3.39 | $45.28 |
| 2008-05-21 | 2011-01-11 | 966 days | -86.4% | $44.47 | $6.04 | $44.69 |
| 2008-04-23 | 2008-05-15 | 23 days | -9.0% | $41.92 | $38.15 | $42.20 |
| 2007-10-30 | 2008-04-22 | 176 days | -34.1% | $41.29 | $27.20 | $41.92 |
| 2007-10-11 | 2007-10-29 | 19 days | -8.8% | $41.02 | $37.39 | $41.29 |
| 2007-10-02 | 2007-10-09 | 8 days | -3.3% | $38.85 | $37.56 | $39.50 |
| 2007-09-24 | 2007-10-01 | 8 days | -4.4% | $37.97 | $36.31 | $38.85 |
| 2007-07-23 | 2007-09-18 | 58 days | -26.2% | $34.60 | $25.53 | $36.09 |
| 2007-07-13 | 2007-07-19 | 7 days | -2.8% | $33.04 | $32.11 | $34.12 |
| 2007-07-10 | 2007-07-11 | 2 days | -0.3% | $30.95 | $30.85 | $31.69 |
| 2007-06-18 | 2007-07-02 | 15 days | -7.2% | $29.39 | $27.28 | $29.49 |
| 2007-06-04 | 2007-06-13 | 10 days | -6.2% | $27.68 | $25.95 | $28.46 |
| 2007-05-24 | 2007-05-25 | 2 days | -2.0% | $25.68 | $25.17 | $25.98 |
| 2007-05-10 | 2007-05-23 | 14 days | -2.8% | $25.42 | $24.70 | $25.68 |
| 2007-05-08 | 2007-05-09 | 2 days | -0.9% | $25.12 | $24.91 | $25.42 |
| 2007-04-18 | 2007-05-04 | 17 days | -5.9% | $24.84 | $23.38 | $24.94 |
| 2007-04-16 | 2007-04-17 | 2 days | -0.1% | $24.78 | $24.76 | $24.84 |
| 2007-04-11 | 2007-04-13 | 3 days | -0.8% | $24.42 | $24.24 | $24.78 |
| 2006-04-20 | 2007-04-09 | 355 days | -38.3% | $23.54 | $14.52 | $23.91 |
| 2006-04-07 | 2006-04-17 | 11 days | -5.1% | $20.89 | $19.82 | $21.29 |
| 2006-02-02 | 2006-04-05 | 62 days | -24.8% | $20.68 | $15.55 | $20.83 |
| 2006-01-18 | 2006-01-26 | 9 days | -7.1% | $19.87 | $18.46 | $19.88 |
| 2006-01-11 | 2006-01-13 | 3 days | -2.4% | $19.50 | $19.03 | $19.54 |
| 2006-01-05 | 2006-01-10 | 6 days | -3.3% | $19.12 | $18.49 | $19.50 |
| 2005-12-23 | 2006-01-03 | 12 days | -3.0% | $17.65 | $17.12 | $18.07 |
| 2005-12-14 | 2005-12-22 | 9 days | -4.5% | $17.60 | $16.81 | $17.65 |
| 2005-12-09 | 2005-12-13 | 5 days | -1.4% | $17.55 | $17.31 | $17.60 |
| 2005-12-07 | 2005-12-08 | 2 days | -0.4% | $17.43 | $17.37 | $17.55 |
| 2005-12-02 | 2005-12-05 | 4 days | -1.2% | $17.23 | $17.03 | $17.26 |
| 2005-11-28 | 2005-12-01 | 4 days | -2.2% | $16.88 | $16.51 | $17.23 |
| 2005-11-23 | 2005-11-25 | 3 days | -1.5% | $16.66 | $16.40 | $16.88 |
| 2005-11-18 | 2005-11-21 | 4 days | -1.1% | $16.46 | $16.29 | $16.50 |
| 2005-11-04 | 2005-11-16 | 13 days | -2.7% | $16.23 | $15.80 | $16.42 |
| 2005-09-30 | 2005-10-28 | 29 days | -7.9% | $15.44 | $14.22 | $15.65 |
| 2005-09-27 | 2005-09-28 | 2 days | -0.1% | $14.84 | $14.83 | $15.24 |
| 2005-09-22 | 2005-09-23 | 2 days | -0.6% | $14.28 | $14.20 | $14.43 |
| 2003-12-09 | 2005-09-09 | 640 days | -38.0% | $13.57 | $8.42 | $13.64 |
| 1996-05-17 | 2003-09-19 | 2682 days | -80.1% | $9.84 | $1.96 | $9.86 |
| 1996-03-04 | 1996-04-08 | 35 days | -11.5% | $9.13 | $8.08 | $9.20 |
| 1995-12-14 | 1996-02-01 | 50 days | -9.2% | $8.11 | $7.37 | $8.38 |
| 1995-07-31 | 1995-12-01 | 124 days | -16.4% | $7.34 | $6.13 | $7.44 |
| 1995-07-14 | 1995-07-28 | 15 days | -9.6% | $7.00 | $6.33 | $7.34 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Freeport-McMoRan Inc. (FCX) is trading at $61.00 as of Jul 15, 2026. It is 14.9% below its high of $71.72. The drawdown has lasted 41 days. Severity score: 2.3 (Moderately Elevated).
FCX Price History and Drawdown Data
Latest price
$61.00
High-water mark
$71.72
Current drawdown
-14.9%
Days in drawdown
41
This FCX page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Freeport-McMoRan Inc. drawdowns.
What History Says About FCX
Freeport-McMoRan Inc. has dropped 25%+ from its high 9 times in its tracked history. These events lasted an average of 1142 days with an average max drop of -54.8%.
The current drawdown of -14.9% has lasted 41 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2011 to Mar 2022 | -92.4% | 4066 days |
| May 2008 to Jan 2011 | -86.4% | 966 days |
| May 1996 to Sep 2003 | -80.1% | 2682 days |
| Mar 2022 to Apr 2024 | -51.3% | 744 days |
| May 2024 to Jan 2026 | -46.3% | 595 days |
| Apr 2006 to Apr 2007 | -38.3% | 355 days |
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